Spudding of Ngaji-1 well in Uganda

 

TIDMDPL 
 
RNS Number : 9960N 
Dominion Petroleum Limited 
22 June 2010 
 

22 JUNE 2010 
                           Dominion Petroleum Limited 
                          ("Dominion" or the "Company") 
                                Operations Update 
                 Spudding of Ngaji-1 well in Uganda, Block EA4B 
DOMINION IS PLEASED TO PROVIDE AN UPDATE ON ITS OPERATIONS: 
 
Uganda Exploration Area 4B (Dominion Uganda Ltd 100%, Operator) 
 
The John-14 rig was transported without incident to the drilling site on the 
Ngaji (Silverback) prospect in May and June. The Ngaji location was chosen as it 
was deemed the best place to test the geology of the Lake Edward Basin in 
Uganda; specifically designed to identify elements of a working petroleum 
system. The well was spudded yesterday, targeting a depth of 2,000 metres, and 
should be completed during July. Dominion has put in place a full Emergency 
Response and Evacuation Plan with teams at the site, Kampala and London. 
An Environmental and Social Impact Assessment for a follow-on seismic programme 
has also been initiated for subsequent appraisal work on the acreage later in 
the year, followed by more drilling in 2011. 
 
Andrew Cochran, Chief 
Executive of Dominion Petroleum, commented: 
"We are very pleased to announce that drilling has commenced on Ngaji yesterday. 
This is the first well ever in the Lake Edward Basin and the data gathered will 
guide our future work in the area. 
 
 "If the well is encouraging in terms 
of geology we will acquire additional seismic before year's end to support a 
much expanded exploration and appraisal drilling program commencing early next 
year. 
 
 "I am also pleased that all of our operational plans as announced 
in March have so far met our expectations in terms of safety, schedule and 
cost." 
 
ENQUIRIES: 
 
Dominion Petroleum Limited 
 Andrew Cochran, Chief Executive Officer 
Tel: [phone] 
Rob Shepherd, Finance Director 
 
Pelham Bell Pottinger Public Relations 
Archie Berens                                                   Tel: +44 (0) 207 
861 3112  / [phone] 
 
Seymour Pierce Limited, NOMAD 
 Nandita Sahgal 
                 Tel: [phone] 
 
Mirabaud Securities LLP, Joint Broker 
 Peter Krens 
                          Tel: [phone] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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